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Sep 03, 2023

📊 Tech Peripherals Surge: $HPQ, $SMCI, $ALOT, $INVE, $SSYS Lead Group with +7.48% Gain!

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🖥️ Computer Peripherals Sector Soars: +7.48% Weekly Gain 📈 Strong Buy Ratings Await!

Welcome to another exciting week in the world of trading! If you're a trader with an eye for potential opportunities, you'll be thrilled to learn that the Computer Peripherals sector has witnessed a remarkable gain of +7.48% over the past week. This impressive surge has caught the attention of many investors, and we're here to break down the market movements and sectoral shifts that have fueled this rise.

Tickers in this Group:

$HPQ - HP Inc.                                 $INVE - Identiv, Inc.                           $ALOT - AstroNova, Inc.                

$IONQ - IonQ, Inc.                           $SSYS - Stratasys Ltd.                      $SMCI - Super Micro Computer, Inc.

$NTAP - NetApp, Inc.                      $ANET - Arista Networks, Inc.          $LOGI - Logitech International S.A.

$CRCT - Cricut, Inc.                        $PSTG - Pure Storage, Inc.               $WDC - Western Digital Corporation

$DELL - Dell Technologies Inc.     $DDD - 3D Systems Corporation     $STX - Seagate Technology PLC

$CRSR - Corsair Gaming, Inc.

🏢 Industry Description: Enhancing Connectivity and Functionality

The Computer Peripherals industry plays a vital role in the technology landscape, as it revolves around devices that enhance the functionality and connectivity of computer systems. Think of hard disk drives, data storage systems, cloud storage devices, printers, scanners, and essential input devices like keyboards and mice. This sector contributes to the seamless operation of computers and is essential for various industries to function efficiently.

📊 Market Cap and Notable Companies

The average market capitalization across the Computer Peripherals Industry stands at 5.3 billion. Among the prominent players in this sector, the market caps range from 1.2K to an impressive 262.2 billion. Notably, ADTEF holds the highest valuation in the group, while DPSM is valued at the lower end.

📈 High and Low Price Notable News

The week's price action has been exhilarating for traders in the Computer Peripherals industry. The average weekly price growth across all stocks in this sector was 3.74%. In comparison, the monthly price growth averaged -8.29%, and the quarterly growth averaged 4.09%. Among the notable gainers, DELL experienced an impressive price growth of 21.31%, while WACMF faced a decline of -8.67%.

📉 Price Declines and Winners of the Week

  • 8/18/23 4:29 AM: HP (HPQ, $30.96) was a top loser this week, declining by -6.1%.
  • 8/17/23 7:18 AM: Western Digital (WDC, $40.42) also faced a notable decline, with a drop of -5.07%.
  • 8/17/23 7:18 AM: IonQ (IONQ, $13.69) saw a decline of -5.52%, with a downtrend continuation expected.

📈 Volume Insights: A Key Indicator

Volume is a critical indicator in the world of trading, and this week's volume growth across all stocks in the Computer Peripherals Industry averaged at a significant 71.8%. While the monthly volume growth averaged at -0.66%, the average quarterly volume growth stood at 30.1%.

📊 Fundamental Analysis Ratings

Let's delve into the fundamental analysis ratings, which provide insight into the health of the sector:

  • Valuation Rating: 49
  • P/E Growth Rating: 62
  • Price Growth Rating: 55
  • SMR Rating: 71
  • Profit Risk Rating: 86
  • Seasonality Score: -20 (-100 ... +100)

📈 Individual Ticker Analysis

Now, let's focus on some individual tickers that have been making waves within the Computer Peripherals sector:

HP Inc. ($HPQ, $30.35)

  • Price Analysis: HPQ crossed the support line at $30.35 and is trading between $36.68 resistance and $30.35 support lines. A recent downtrend of -7% was observed during August.

Super Micro Computer, Inc. ($SMCI, $282.16)

  • Price Analysis: SMCI moved above its 50-day Moving Average on September 01, 2023, indicating a potential shift to an upward trend. In similar past instances, the stock price increased further within the following month, with odds of a continued upward trend at 86%.

AstroNova, Inc. ($ALOT, $15.02)

  • Price Analysis: ALOT's MACD Histogram crossed above the signal line on August 10, 2023, indicating a positive momentum shift. A.I.dvisor's analysis suggests that the odds of a continued upward trend are 83%.

Identiv, Inc. (  $INVE, $8.19)

  • Price Analysis: INVE is on a +11% Uptrend, advancing for three consecutive days on August 23, 2023. This positive momentum indicates potential future growth, with odds of a continued upward trend at 84%.

Stratasys Ltd. ( $SSYS, $14.77)

  • Price Analysis: SSYS's RSI Oscillator ascended out of oversold territory on August 30, 2023, indicating a potential shift to an upward trend. The odds of a move higher are at an impressive 90%.

Logitech International S.A. ($LOGI, $69.55)

  • Price Analysis: LOGI's Momentum Indicator turned positive on August 29, 2023, indicating a potential upward trend. In similar instances, the odds of a move higher were at 74%.

3D Systems Corporation ($DDD, $6.22)

  • Price Analysis: DDD is in an upward trend, expected to rise as it breaks its lower Bollinger Band on August 09, 2023. Historical data suggests odds of a continued upward trend at 82%.

Western Digital Corporation ( $WDC, $45.96)

  • Price Analysis: WDC's upward trend was confirmed as it moved above its 50-day Moving Average on August 28, 2023. This shift indicates a potential continuation of the upward trend, with odds of success at 86%.

Seagate Technology PLC ($STX, $68.14)

  • Price Analysis: STX's 10-day Moving Average moved above its 50-day Moving Average on August 02, 2023, signaling a potential upward trend continuation. Historical data indicates odds of a continued upward trend at 88%.

Arista Networks, Inc. ($ANET, $197.36)

  • Price Analysis: ANET's Moving Average Convergence Divergence (MACD) Histogram turned positive on August 31, 2023, indicating potential bullish movement. Based on similar past instances, the odds of a continued upward trend are at 84%.

Dell Technologies Inc. ($DELL, $68.19)

  • Price Analysis: DELL's MACD Histogram turned positive on September 1, 2023, suggesting potential price rise. Historical data indicates odds of success at 84%.

Corsair Gaming, Inc. ($CRSR, $15.96)

  • Price Analysis: CRSR's MACD Histogram turned positive on August 30, 2023, indicating potential bullish movement. Historical data suggests odds of a continued upward trend at 89%.

Cricut, Inc. ($CRCT, $9.69)

  • Price Analysis: CRCT's MACD Histogram turned positive on August 28, 2023, indicating potential bullish movement. Historical data suggests odds of a continued upward trend at 82%.

IonQ, Inc. ($IONQ, Price TBC)

  • Price Analysis: IONQ moved above its 50-day Moving Average on August 21, 2023, indicating a potential shift to an upward trend. Historical data suggests odds of a continued upward trend at 88%.

Profitable Prospects Abound

In the dynamic landscape of the Computer Peripherals sector, we've witnessed remarkable price movements and potential opportunities for traders. With multiple stocks exhibiting positive trends and strong buy ratings, there's plenty to explore within this industry. Whether it's riding the momentum of Super Micro Computer, Inc. (SMCI) or considering the bullish indicators for Dell Technologies Inc. (DELL), the sector offers diverse avenues for traders to explore.

As always, it's essential to stay informed and conduct thorough research before making any trading decisions. Remember, while past trends can provide insights, the market remains unpredictable, and success requires a well-informed and strategic approach. Happy trading! 📈📊🚀

Related Ticker: HPQ, IONQ, NTAP, CRCT, DELL, CRSR, INVE, SSYS, ANET, PSTG, DDD, ALOT, SMCI, LOGI, WDC, STX

HPQ's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for HPQ turned positive on January 06, 2025. Looking at past instances where HPQ's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on HPQ as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPQ advanced for three days, in of 355 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where HPQ's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HPQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for HPQ entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (6.425). P/E Ratio (8.909) is within average values for comparable stocks, (59.439). Projected Growth (PEG Ratio) (3.068) is also within normal values, averaging (55.962). Dividend Yield (0.035) settles around the average of (0.034) among similar stocks. P/S Ratio (0.573) is also within normal values, averaging (11.728).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HPQ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

Notable companies

The most notable companies in this group are Arista Networks Inc (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), Western Digital Corp (NASDAQ:WDC), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 9.5B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was 4%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 91%. FNTTF experienced the highest price growth at 131%, while RCAT experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -45%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 352%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 70
Price Growth Rating: 50
SMR Rating: 76
Profit Risk Rating: 77
Seasonality Score: 14 (-100 ... +100)
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General Information

a holding company, which engages in design, manufacture, and marketing of peripherals for PCs, tablets and other digital platforms

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
EPFL - Quartier de l'Innovation
Phone
+41 218635511
Employees
7400
Web
https://www.logitech.com